Geneva-headquartered set-top box firm Advanced Digital Broadcast (ADB) enjoyed a recovery in its IPTV set-top box orders in the first half of this year, accounting for 27% of total revenues in the six-month period, compared to 19% one year previously.

The first half of this year is reported to have been particularly strong for its satellite business, due to demand in both Eastern and Western Europe, with the satellite segment accounting for a record 32% of its revenues in the period, compared to 29% in 2009.  The cable business declined temporarily in the first six months of this year, accounting for 29% of revenues in the period, compared to 39% last year.  The terrestrial TV segment remained stable during the period, accounting for 11% of revenues, compared to 12% one year previously.

Sales of high-definition TV products accounted for 74% of the company's product sales revenues in the first half of this year, with PVRs representing 52% of revenues in the period.  Sales of hybrid products represented 62% of overall product sales, while sales of high-end products constituted 84% of ADB's overall product sales.

Total revenues across all operations for the first half of this year reached US$ 141mn, down from US$ 183mn one year previously, with the fall attributed to three factors: large customers returning to normal seasonality patterns, component shortages, and a slight delay in introducing new products to market.  Earnings before interest and taxes for the first six months of this year reached US$ 3.7mn, down from US$ 12.7mn one year previously.